Matches in SemOpenAlex for { <https://semopenalex.org/work/W1565943988> ?p ?o ?g. }
Showing items 1 to 75 of
75
with 100 items per page.
- W1565943988 abstract "Can expansionary budgetary policy boost employment? Ten years ago almost every economist would have answered “yes” to this question. Now there is an important conflict in the debate on economic policy. The conflict is between the results of theoretical and empirical multiplier analysis on the one hand and, on the other, beliefs of policy advisers about the need for tight budgetary policies which help to bear down on inflation despite uncomfortably high unemployment. This paper examines this issue with the aid of the RBA79 model of the Australian economy. The usual versions of this model (and all others in existence) have fiscal multipliers for output and employment which are positive for many years. The paper shows that it is relatively simple to adjust the assumptions of the model so that increases in real government spending produce increases in output and employment for only a couple of years. In the process, considerable inflation is generated, and this has strong adverse effects on activty in the medium term. The assumptions examined are associated with the reaction of inflation to increases in government spending and the effects of inflation and/or increases in government spending on demand and supply in the goods market. The approach consists of changing selected parameters in the model, in directions dictated by economic theory and a priori reasoning. Simulation analysis is then used to explore the implications of changing these assumptions. In short, RBA79 with changed assumptions produces results more in line with the intuitions of policy makers than the results of other models. The most interesting aspect of this is that the revised assumptions may be more appropriate for current conditions than the assumptions used in conventional multiplier analysis." @default.
- W1565943988 created "2016-06-24" @default.
- W1565943988 creator A5041454809 @default.
- W1565943988 creator A5050825433 @default.
- W1565943988 creator A5086933982 @default.
- W1565943988 date "1980-09-01" @default.
- W1565943988 modified "2023-09-27" @default.
- W1565943988 title "Models and Multipliers" @default.
- W1565943988 hasPublicationYear "1980" @default.
- W1565943988 type Work @default.
- W1565943988 sameAs 1565943988 @default.
- W1565943988 citedByCount "2" @default.
- W1565943988 crossrefType "posted-content" @default.
- W1565943988 hasAuthorship W1565943988A5041454809 @default.
- W1565943988 hasAuthorship W1565943988A5050825433 @default.
- W1565943988 hasAuthorship W1565943988A5086933982 @default.
- W1565943988 hasConcept C100001284 @default.
- W1565943988 hasConcept C100243477 @default.
- W1565943988 hasConcept C121332964 @default.
- W1565943988 hasConcept C124584101 @default.
- W1565943988 hasConcept C138885662 @default.
- W1565943988 hasConcept C139719470 @default.
- W1565943988 hasConcept C162324750 @default.
- W1565943988 hasConcept C200941418 @default.
- W1565943988 hasConcept C2778126366 @default.
- W1565943988 hasConcept C2778137410 @default.
- W1565943988 hasConcept C2781356325 @default.
- W1565943988 hasConcept C33332235 @default.
- W1565943988 hasConcept C34447519 @default.
- W1565943988 hasConcept C41895202 @default.
- W1565943988 hasConcept C524878704 @default.
- W1565943988 hasConcept C55986821 @default.
- W1565943988 hasConceptScore W1565943988C100001284 @default.
- W1565943988 hasConceptScore W1565943988C100243477 @default.
- W1565943988 hasConceptScore W1565943988C121332964 @default.
- W1565943988 hasConceptScore W1565943988C124584101 @default.
- W1565943988 hasConceptScore W1565943988C138885662 @default.
- W1565943988 hasConceptScore W1565943988C139719470 @default.
- W1565943988 hasConceptScore W1565943988C162324750 @default.
- W1565943988 hasConceptScore W1565943988C200941418 @default.
- W1565943988 hasConceptScore W1565943988C2778126366 @default.
- W1565943988 hasConceptScore W1565943988C2778137410 @default.
- W1565943988 hasConceptScore W1565943988C2781356325 @default.
- W1565943988 hasConceptScore W1565943988C33332235 @default.
- W1565943988 hasConceptScore W1565943988C34447519 @default.
- W1565943988 hasConceptScore W1565943988C41895202 @default.
- W1565943988 hasConceptScore W1565943988C524878704 @default.
- W1565943988 hasConceptScore W1565943988C55986821 @default.
- W1565943988 hasLocation W15659439881 @default.
- W1565943988 hasOpenAccess W1565943988 @default.
- W1565943988 hasPrimaryLocation W15659439881 @default.
- W1565943988 hasRelatedWork W1569618340 @default.
- W1565943988 hasRelatedWork W2158452563 @default.
- W1565943988 hasRelatedWork W2473135192 @default.
- W1565943988 hasRelatedWork W2476265077 @default.
- W1565943988 hasRelatedWork W2476613317 @default.
- W1565943988 hasRelatedWork W2488378901 @default.
- W1565943988 hasRelatedWork W2797644262 @default.
- W1565943988 hasRelatedWork W2913691951 @default.
- W1565943988 hasRelatedWork W3008545491 @default.
- W1565943988 hasRelatedWork W3106490210 @default.
- W1565943988 hasRelatedWork W3121381919 @default.
- W1565943988 hasRelatedWork W3121650175 @default.
- W1565943988 hasRelatedWork W3123025832 @default.
- W1565943988 hasRelatedWork W3124682526 @default.
- W1565943988 hasRelatedWork W3125001752 @default.
- W1565943988 hasRelatedWork W3125229657 @default.
- W1565943988 hasRelatedWork W3131705785 @default.
- W1565943988 hasRelatedWork W3144746860 @default.
- W1565943988 hasRelatedWork W52376028 @default.
- W1565943988 hasRelatedWork W9378236 @default.
- W1565943988 isParatext "false" @default.
- W1565943988 isRetracted "false" @default.
- W1565943988 magId "1565943988" @default.
- W1565943988 workType "article" @default.